Branch, Banking & Trust had outstanding warehouse commitments of $3.2 billion at yearend, making it the largest financier of nonbanks in the nation, according to survey figures compiled by National Mortgage News. The North Carolina-based bank, however, would not verify its commitment number or talk about its business. The figure is an estimate made by NMN, based on commitments the bank inherited when it bought the troubled Colonial Bank last summer. Industry sources say Bank of America has a commitment volume of almost $15 billion but that bank, too, would not discuss its warehouse business. The $15 billion figure is based on a speech made by a B of A warehouse executive at a recent mortgage conference in Texas.
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